25 Céntimos Almonacid

Almonacid de Toledo is a village of a few hundred inhabitants, and in 1937 it was issuing its own fractional currency — a direct consequence of the Republican government's failure to keep small-denomination coinage in circulation during the Civil War. Metallic coins vanished almost immediately after July 1936, hoarded or melted down, leaving municipalities across Spain to fill the gap with locally printed paper. Hundreds of town councils did exactly this, producing notes of wildly varying quality with whatever printing resources were at hand.

The Imprenta Provincial de Ocaña — a provincial press, not a specialist security printer — handled production, which accounts for the modest dimensions and the reliance on an official stamp as the sole security feature.